Nigeria’s finance minister, Zainab Ahmed, has revealed the government’s plans to introduce new taxes in a bid to increase the revenue of the country. This was disclosed at a public hearing on the 2019 budget on Wednesday, organized by the Senate and House of Representatives committees on appropriation. This comes almost a week after the […]
stock market Market Slumps By N48bn, Stock Investors Lost N158bn In March Investors in the Nigerian stock market lost N158bn in March amid persistent bearish sentiments. The market, which opened the month at 31,721.76 basis points with a market capitalisation of N11.830bn, rose to its highest point on March 5 at 32,173.66bps with a market […]
By Dipo Olowookere One of the leading courier and package delivery company in Nigeria, Red Star Express Plc, has been downgraded to a low-priced stock. The lowering was done by the Nigerian Stock Exchange few days ago after the stock price dropped below the N5 threshold for over four months. From September 17, 2018, shares […]
Stock Picks Red Star Express Plc may find it difficult to beat its FY 2018 performance if the decline seen in first quarter results continues. Red Star Express Plc is our stock pick for the week. About the company Red Star Express Plc commenced operations on the 12th of October, 1992 and became a public […]
Following the two-day holiday declared by the Federal Government to celebrate this year’s Eid-El-Kabir, the stock market resumed on Thursday on a positive note as equities investors gained N198 billion. The domestic bourse had recorded a bearish performance on Monday as the market capitalisation shed N219 billion to close at N12.66 trillion before the holiday. […]
At the close of equities trading on the Nigerian Stock Exchange (NSE) yesterday, the All-Share Index (ASI) declined by 0.09 per cent amid sustained sell pressure. The NSE-ASI shed 33.98 absolute points, representing a decline of 0.09 per cent to close at 36,299.82 points, while year-to-date loss worsened to 5.08 per cent, lowest since October […]
By Modupe Gbadeyanka For the third consecutive session, transactions at the nation’s bourse ended on a negative note on Wednesday, closing 0.09 percent lower to sink the Year-to-Date (YtD) returns deeper to -5.08 percent. The loss recorded during the mid-week trade was mainly attributed to the poor performance of the banking and the oil and […]
Nigeria would earn about $20billion annually from the United Kingdom and other countries, if the potential of the perishables cargo were harnessed, experts in the cargo and aviation sectors have said. This was the consensus of Mr. Fortune Idu, the convener of a symposium on agro export air logistics held in Abuja and Mr Mudiaga […]
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